Senior Associate, Settlements

Clear Street•New York, NY

6h•$130,000 - $170,000•Hybrid

About The Position

Clear Street is modernizing the brokerage ecosystem. Founded in 2018, Clear Street is a diversified financial services firm replacing the legacy infrastructure used across capital markets. We started from scratch by building a completely cloud-native clearing and custody system designed for today’s complex, global market. Clear Street’s proprietary prime brokerage platform adds significant efficiency to the market, while focusing on minimizing risk, redundancy, and cost for clients. Our goal is to create a single source-of-truth platform for every asset class, in every country, and in any currency. By combining highly-skilled product and engineering talent with seasoned finance professionals, we’re building the essentials to compete in today’s fast-paced markets. The Settlements team sits within Clear Street’s Global Custody department, alongside Global Tax Operations, Asset Servicing, and Dev Ops. The team is responsible for the accurate and timely settlement of securities transactions and the associated cash and position movements, operating within a highly regulated broker-dealer environment. This role will initially focus on equity settlement and related cash, position, and suspense reconciliations. Over time, responsibilities will expand through cross-training as business needs evolve. The ideal candidate is adaptable, detail-oriented, and comfortable operating in a fast-paced, control-driven environment.

Requirements

3+ years of experience at a financial institution, preferably in DTC settlements or custody operations
Willingness to obtain the SIE and Series 99 licenses
Strong risk and control mindset with experience operating in regulated environments
Proven experience working with large data sets and performing operational reconciliations
Ability to work independently with minimal supervision while managing competing priorities
Experience in a fast-paced, multifaceted broker-dealer, clearing, or custody operations environment
Strong analytical and problem-solving skills with a proactive approach to identifying issues and implementing process improvements

Nice To Haves

Experience in ACAT related transfers is a strong plus

Responsibilities

Perform DTC equity settlement functions, including ACAT and non-ACAT customer transfers, pair-offs, SPO charges, RAD management, and fail reporting
Manage fails and buy-ins, including issuance of broker-to-broker buy-in notices and monitoring through DTC’s Obligation Warehouse
Handle regulatory and operational settlement processes, including FINRA extensions, DK reporting, new issue processing, ETF settlements, obligation warehouse activity, and EOD balancing
Perform daily reconciliation of cash, position, and suspense accounts and resolve breaks in a timely manner
Execute and document daily key controls in accordance with internal policies and regulatory requirements
Ensure compliance with applicable regulations, including Reg SHO, Reg T, and SEC Rule 15c3-3
Identify, design, and implement automation opportunities to improve reporting accuracy, operational efficiency, and risk mitigation
Develop and maintain Standard Operating Procedures (SOPs to support training, incident response, and operational continuity)
Participate in cross-training and knowledge sharing to drive process improvement, scalability, and team effectiveness